Quantum Motion leads the day with a $160m round, while Skeleton moves closer to a planned US IPO with a €33m first close of its pre-IPO round. AI takes a lot of space across the day through enterprise automation, legal software and public-sector tools, while SWEBAL brings defence manufacturing into the picture.
Let’s dive in.
💰 Funding rounds
London-based quantum computing company Quantum Motion raised $160m Series C to commercialise its silicon-based quantum computers. Read more here.
Tallinn-based AI infrastructure and grid power systems provider Skeleton Technologies announced a €33m first close of its pre-IPO round ahead of a planned 2027 US IPO. Read more here.
Sweden-based defence manufacturing company SWEBAL raised €30m to complete construction of its TNT manufacturing facility in Sweden. Read more here.
Stockholm-based AI startup Pit raised €13.6m led by a16z to offer “AI product teams as a service” for enterprise operations. Read more here.
Paris-based infrastructure data management company OpsMill raised €11.9m Series A to help enterprises prepare infrastructure data for AI and automation. Read more here.
Ghent-based AI startup Tekst raised €11.5m Series A to help enterprises automate back-office processes with AI. Read more here.
London-based cultivated meat company Meatly raised £10.4m Series A to build Europe’s largest cultivated meat bioreactor facility. Read more here.
London-based AI agent platform CodeWords raised €7.6m Seed to help businesses automate workflows with AI agents. Read more here.
Portugal-based battery-swapping startup Pollen raised €3.2m to build a universal battery-swapping network for mopeds and motorcycles. Read more here.
Germany-based medtech startup Sedivention raised €2.9m Seed to advance its minimally invasive obesity therapy. Read more here.
Eindhoven-based AI startup Avendar raised €2.2m Seed to build AI software for public-sector investigations. Read more here.
London-based remote workforce platform Asterix Health raised £2.1m pre-Seed to help NHS GP practices manage staff shortages and patient demand. Read more here.
🌱 Startup news
Cologne-based AI translation startup DeepL is cutting around 250 jobs as it restructures around smaller AI-native teams. Read more here.
Stockholm-based legal AI startup Legora launched the Legora AOS, an agentic operating system for legal work. Read more here.
🎧 Podcasts
The Scaling Europe Podcast featured Kevin Smith, CEO at Venture Comet, on helping founders unlock equity earlier instead of waiting years for an exit. Listen here.
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